He wrote a book and his basic message is hold and use your own property largely because its one of the most tax favorable assets you can have. Not sure I have the patience to listen to him more then that, it is a biased system and its not fair or actually a properly capitalist based economy but that can be stated alot more succinctly then he manages.
Theres a few like him that can be listened to in variable amounts, I wouldnt exactly recommend them as they all have faults in their approach but its good to recognize long term success each 'expert' might have had.
Kiyosaki has always been a booster and hyper of real state property. He has not discovered the wheel to be honest, he simply wrote a couple of books - with a very characteristic and appealing style to the masses - which basically say that you should no be spending more than you earn and should not use credit for stuff that is not really productive. His thesis on real state is simply a consequence of his own views about what it "good debt", but the 2008 crisis proved him wrong in many ways. |
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Sharing that knowledge will be better, with that knowledge it will benefit him.
Agreed, and with the current situation in which everyone requires assistance due to the pandemic, we should share our food or possessions with those who do not have food or possessions, as it is extremely difficult right now. It is also very fulfilling for us if we help others, no matter how small or big, because it is a huge help to them. As long as we have enough things or food, we should share it with those who do not have it so that they can survive or not overthink what they should do. You are right, in these difficult moments it is good to help others, because it is not known how bad other people are going through, there are in some cases that people may need some items such as food, medicine and other things in general In general, teleworking is taking place a lot, which is very fashionable and is what companies are choosing not to leave their staff and meet the goals imposed by work, when someone teaches you something related to crypto or anything It should always be well received for that gesture, because it is well known that the more you know about something, the more money you can earn. Its always good to share what we have not just financially, but even sharing our knowledge to those who need it the most. And i think sharing about crypto is worth doing to as we make people more aware about the future and how they can make it into their advantage. And the fact that there is money and profits in crypto, then everybody should learn about that so they can also improve their status in life like what had happened to us. Maybe for some, it might be somewhat broad, but for people who really want to learn because of the profits they can benefit, i think it will not be very hard to learn from it as long as there is eagerness and the willingness to make extra effort. I have personally found that one of the most rewarding things you can seek in life is knowledge. Apart from the people you love, it is in my view the one thing in which time is never wastes and there is no other feeling equivalent to getting an in depth knowledge of a topic or to link new knowledge into your existing view of the world, should I say the universe. Sharing that knowledge with others is in itself a reward, but it is even more so when it can be discussed with like minded persons. |
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Your vendetta against corporations is misguided.
If the prices at Walmart are too high, then you can simply shop elsewhere. Nobody is forcing anybody to shop at Walmart. Profits are high because people continue to choose to shop at Walmart, even as they raise prices.
Yes, although in the supermarket sector they have more room for maneuver than in others, let's say furniture for example, where if they raise prices a lot and you were thinking of changing furniture you can go years without buying new ones. With food, you can go to another supermarket, you can buy things cheaper and you can even fast, but in the end you have to buy food much more frequently than you buy furniture. The source is probably written by some political activist with no understanding of economics.
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The government will tell you its corporate greed causing inflation because it causes you to demonize free market economics and capitalism. They will do anything to shift blame away from themselves in causing an inflation crisis because the sad truth is, most people will believe corporations are responsible for the higher prices. After all, it's the corporations that determine what their products will cost, correct? The answer, of course, is no, it is a free market that determines the prices. And in a market with too large a demand due to increased money supply, the prices of the products increase.
I was thinking something like that. I don't believe that all private companies are angelic beings either, but in a context of massive currency printing with high energy costs that affect all prices, it strikes me that the focus is on companies and not on government policies that are the main cause of inflation. It may be that some companies in some sectors can take advantage of this to inflate prices, but consumers' money is not infinite. If this were something that companies did across the board, in the end they would be forced to lower prices because people would run out of money immediately and would not be able to buy. With less demand you have to lower the price or you run out of sales. There is something our there called pricing power, and it is one of the forces that Porter describes as the ones that configure the market and the competitive position of the companies. Those companies that enjoy some type of monopoly or leadership in the market that allow price-setting usually have the price already set to the point in which they obtain either maximum profit or maximum market (to deter competence). Those companies that compete in open markets and have saturated markets with little differentiation cannot set the price. When inflation comes to e.g. the food market which is quite open and has little barriers to entry, it means that traders cannot be greedy as they would simply not sell. This is simply the market in action. |
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Currently, the key risks and opportunities in the global economic arena, IMHO, are mostly:
- The general inflation driven by money printing, clog in the sea supply lines and general lag in the commodities market.
- Further stress added on the increase in construction in the US, again driving the prices higher.
- The situation in Ukraine, with Russia making a show of strength.
- Mid-long term, CCP's ambitions over Taiwan and the inevitable grasp for power in Asia and the Pacific between Australia, US, UK, France and the CCP.
- The inevitable need to stop buying shit-bonds and the contraction on the stock prices, multiplied by the retail investors buying on marging.
And happy to get more added...
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Reporting bribes as income just made me chuckle  My view is that you have to pay taxes insofar as you enjoy benefits. Regardless of your legal status in a country, if you enjoy infrastructures, health benefits, safety, legal rights, etc... you have to contribute. The sticky point here is the same as the one that originally started the war of independence in the US (allegedly) - taxation without representation is unfair. Thus, these illegal immigrants could argue that they are not paying taxes that will be managed by politicians they cannot elect. |
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On top of that, statistics may not be the right tool. e.g. the average wealth between Elon Musk and I are around 2.5 Billion.
First, that's not how the median wage that is used in poverty rates is calculated, second, I doubt Elon Musk's wealth is 5 billion and yours is zero, you seem a bit confused on what you're trying to point and how. Third, thank you for accidentally admitting the truth, that despite your gloom and doom things are getting in the right direction: with 2018, a year of expansion
Fourth: Also, you are speaking about poverty, not about social mobility.
You've started it: having an average job does not get you much farther than the line of poverty. High five! You seem to be confused about the word "around" - in this context it means approximately. One post may actually speak about two topics without the need of mixing it. Anyway, if you really had something intelligent to say you would not be focusing on such minor details. I guess your next step might be arguing that my English is not perfect or that there are insufficient comas in my text? Social mobility in Europe is far from great, but I guess that, since my own view is that it should be 100%, I will never be happy about it. Yes, I think that where and from whom someone is born should mean nothing for their future. No inheritance, no born-with privileges and enjoying only that that you earn yourself after a period of public and free education. Since this is impossible in my lifetime, I would at least like to see mobility and meritocracy work instead of being talk about. |
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Your vision of Europe is idealistic, romantic and wrong. You seem to have little practical knowledge of the situation in many of the countries of the European union in which having an average job does not get you much farther than the line of poverty.
Statics don't tell the same stories as you do, fortunately! Poverty rates have constantly gone down in Europe despite the EU modifying and raising the brackets for poverty levels to 60% of the median income. Oh, and btw how much " practical" knowledge do you have about the employment situation in countries all over Europe? Do you spend each day applying for jobs in different cities across the continent?  Opportunities in many countries are limited and the proof is the significant percentage of people that have to leave their hometowns to migrate to either larger cities or directly to other countries.
This shows exactly that there are opportunities somewhere and thus poeple migrate to where jobs are enough to satisfy anyone who would want to work, otherwise they wouldn't migrate, right? Besides, unemployment and youth unemployment was going down everywhere in Europe pre covid, just as the number of employed poeple in % has raised by 4% in the last decade. Regions in Eastern Europe, Southern Italy, Andalucia, Galicia and Extremadura in Spain and others are devoid of any opportunity for most people and those who have a chance to stay do so under heavy penalties for their future.
You seem to cling to those beliefs that every single region every single town should be prosperous forever, and in reality, it doesn't work like that, regions that heavenly rely on agriculture like Andalusia have simply no way to go up this way, same for every other single region in the world, no country, no matter how economically solid will be able to keep all it's region equal. There are poorer regions than the rest in Germany, in France everywhere, things change and poeple need to adapt, just like some ports have adapted after whaling was banned some didn't and died out. You can't live on olives and fish and not be poor, not in this century. Look for the employment numbers for Spain overall and as you can see the things were going in the good direction, 2 million extra jobs filled in 5 years before 2019. Numbers don't lie, it's feelings that make you see a different picture, usually the one you want to see, not reality. The statistics you provide perfectly prove my point. They compare 2008, a year of crisis, with 2018, a year of expansion and they have a 2% difference. Also, you are speaking about poverty, not about social mobility. These are different things. On top of that, statistics may not be the right tool. e.g. the average wealth between Elon Musk and I are around 2.5 Billion. You can get a practical grasp of the markets in Europe (I happen to know four from my own experience) not only by your direct experience but also by having contacts and speaking with people who live in them. Again, I have reasonably frequent contact with nationals from several EU countries. I am not "clinging to a belief in prosperity in every region", what I am stating is the simple fact that many areas of Europe are far away from your depiction, which is true. |
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It's a shame the OP hasn't been active for a long time LOL
So Why we exacly need Bitcoin?
only bankers should have questions like this Bitcoin is needed so that humans can freely transact with others easily, efficiently and without large fees why bankers don't like bitcoin? because they know that to control the world and humans have to control money and fiat is a failed product (maybe stable coin too) LOL Many times not even the bankers, because the bankers know the value of BTC, what they do is be against it, but I am sure they own BTC, they cannot refuse money, and obviously BTC represents money and a lot with the option to continue multiplying In addition to the benefits that BTC has on the traditional economy, that it is deflationary and not managed by third parties is something unique, I think that the lack of control is why many are against BTC. At least that type of economy is unique and superior to the traditional one. It is true than bankers will hold some bitcoin at this point in time, as it has become so popular, but that is not the point at all: stable coins mean that they simply keep a standard exchange rate against the euro, dollar or whatever. Their have very limited investment value as there is no scarcity at all of any of these coins. You need a complex structure to transfer and work with them and have little advantage over modern electronic transfer systems. Stablecoins are not needed at all IMHO and should be removed as they do have thrid party risks in their issuance. |
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I guess it has not been the best year to produce new humans, yet US is obviously under the same trend as Japan has already been for decades, Europe has been also for a while and all civilised countries sooner or later get to: the growth is limited, there are no significant wars that create threats and opportunities and there are however risks of deflating the massive boostered bubble of the economy working at 110%. You would be crazy to generate a new human willingly under this conditions, it is just not practical.
Yep, population piramids tend to become population rectangles in most developed countries.
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If these laws are passed tax savings from ETFs would disappear, and we probably wouldn't have as many proposals for crypto based ETFs in the USA.
I am not an accountant buy it doesn't make any sense to me: either capital gains are taxed at institutional level, taxing capital gains when the ETF realizes them, or they are taxed at investors level, when the investor realizes capital gains selling their ETF. It cannot happen at both levels! I am no accountant either, even I did study some basic accounting 100 years ago, but that seems perfectly possible. For example, any company that has an economic activity will be usually taxed at many levels: salaries will require a contribution to Social Security and other systems, profits will be taxed at whatever rate is in place and then the dividends will be taxed on the receivers as capital gains. An ETF that represents and economic activity may follow a similar structure I would say. |
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Thanks for sharing. This for me is just "business as usual" for the banking system as the cyber-threats are currently peaking and dangerous as never seen before. It will become worse as more devices are going to be linked when 5G arrive in full and spreads to homes, business, industries with a high data transfer and the ability to analyse but also enabling the attacks and enhancing the impacts that these may have.
What is more interesting for me is the idea of further "decoupling" of networks as there is currently and idea of economic decoupling. This is going backwards in markets, economies and wealth creation and will impact our daily lives
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Cutting Swift for Russia was done a long time ago that's why they do have their own. ...
Nope, many banks in Russia are perfectly able to use SWIFT, particularly for their banking operations with Europe. These flows of capital are really the bread an butter of many Russian bankers and cannot be replaced by "their own system" which only would work between themselves and will not be accepted by the rest of the banks. Cutting Rusia from SWIFT would deal a blow to their operations in the West, which means that they would eventually reach an agreement with China and their satellites. This is not where you would want to go for a solid economy for sure. |
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The news themselves do not seem wrong. The stock market has suffered a bull run during the after-pandemic initial recovery and now any company that shows no proof of good results is heavily dragged down by the market. Also, the SP 500 is not going down further only thanks to those few companies in the top 10 positions by marketcap. There is nothing but fear. We may not be in a bubble as such, as prices paid respond to real profit and growth, but there may be strong effects from any risk as valuations are high.
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No wonder Gibraltar is joining the rush to be the crypto-Mecca. To be honest there is a good chance that they will be able to open a "new line of business" for crypto rich, yet the location is ill suited for a permanent residency. For those that do not understand what I say: it is well known that Gibraltar has more companies than actual people living in the territory. They live of being a dark financial haven for the drug lords of Morocco and Spain and an outpost of the British Empire with an special economic status.
Their economy is based on a military naval base from the brits and laundering money from Spain.
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As a European and one that has worked in three countries in the EU, I have a lot of problems trusting those numbers in reflecting the reality.
I see the EU (not Europe!!) as the place where you can easily work your way to middle-income class even from poverty, a good job will make you afford pretty much everything that is needed, enough to raise a kid, travel, proper everything, but at the same time far fewer opportunities going into the next bracket than the US. There are far fewer opportunities to "make it big", the road starts to flatten pretty soon and there is simply nowhere to go up for most cases.
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Your vision of Europe is idealistic, romantic and wrong. You seem to have little practical knowledge of the situation in many of the countries of the European union in which having an average job does not get you much farther than the line of poverty. Opportunities in many countries are limited and the proof is the significant percentage of people that have to leave their hometowns to migrate to either larger cities or directly to other countries. Regions in Eastern Europe, Southern Italy, Andalucia, Galicia and Extremadura in Spain and others are devoid of any opportunity for most people and those who have a chance to stay do so under heavy penalties for their future. |
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The insurance industry has already been disrupted. From a traditional structure with re-insurers, retail and industrial insurers and retail insurance representatives for sales and aftersale service, all done in written, in person and with complete lack of transparency, we are now in the era on on-line comparing engines and on-line advisors and in the era of the start-ups that harness all the technological savvy of the newer user to tailor products to their daily habits and new needs.
Complexity is minimised by using plain language, the middle-person disappears and the field is open for Venture Capital.
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Something like that assertion only shows a deep lack of understanding of how a market works. Companies worth of that name are there for profit and that is their main goal. If the management does not maximise profit for the shareholder they will be fired and replaced with someone that actually does. The basics are as simple as that, even though there are cases in which management may have enough power to seek their own agenda.
Yes, companies that have pricing power will rise prices as much as they can and that is just how capitalism works. If you want to change that, change the laws and change the system... and good luck doing that in the US particularly.
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The first thing you need to do to actually take care of your assets, be these large or small, is to educate yourself in the basic concepts of money, investment, stocks, real state, commodities, interest rates and some basic economy concepts. There is no shortcut to this, either you do it or you will not understand anything that is going on out there and, even if you manage to find some success, you will not be able to hold to it in the long term.
Looking for a wealth advisor or fund manager will not help you at all if you do not understand what you should be looking for in your own personal case.
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Let's dedicate a little time to see the last decade headlines on gambling and business (or rather the business of gambling): https://medium.com/@visualmodo/online-gambling-history-18caa7ec7758Some headlines: - Online sports betting sites come to live in the middle of 90s. These have evolved massively (online poker did not even have graphics at first). - Regulations on gambling are clarified and old laws reinterpreted The Wire Act prohibits the electronic transmission of information for sports betting, but a 2002 ruling crucially ruled that “in plain language” it does not prohibit internet gambling on a game of chance - In 2019, Disney generated around 55B. The gambling industry 59B. Gambling industry is on the move in the last years. Legalisation across Europe and USA has forged new empires, online gaming has received all the positive impacts from COVID confinements and it seems that is going to be plenty of consolidation in the future. What is your personal bet on the next big events in the betting industry? |
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Thanks for your feedback.
We think about interactivity.
According to the logic of the contract, we want to release nft games (P2E).
Besides collection, various NFT properties can also bring profit to the game, such as increasing the chances of winning battles.
For instance:
Cursor Race (P2E Games + Prediction Games)
Like the governance token (DAO), decentralization doesn't matter
We are thinking of launching a test network after the holidays.
But what other games would you recommend adding so that people play with each other?
You could go a bit away from traditional ones that people have anyway in managed platforms and will not place you in their radar, as they would be used to a very well thought and proven interface and designer experiences. Perhaps games like Go or Chess could be an option, with an eye out for robots. All along any game you chose, you have to be mindful that there are bots out there so you may have to restrict yourselves to games that IA have not yet cracked or have rules that ensure humans are playing. If not there may be an strategic caveat on the idea and eventually will be time wasted. Another key is to make sure that all are provably fair. |
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